I think sell now! the goal is to take it back to private.
a 1-for-10,000 reverse stock split
If you have 10,000 shares ($2700), after the 1-for-10,000 reverse stock split, you will have 1 share ($2700). Not many folks buy shares at that price. Risk! someone offers $50 and someone takes it... or maybe even $1000? You just lost. I just don't think many people gonna buy at $2700 a share.
followed by a 1,000-for-1 forward stock split and a $2,000,000 share repurchase program
Notice the order?
The Board is also considering payment of a potential special cash dividend pending the results of the stock splits, the share repurchase program and the Company's cash flow.
Let's say nobody trades. Price stays at $2700.. then they followed by a 1,000-for-1 forward stock split.. You now have 1000 shares... $2.70 a share.. that is when they start to use the $2 million to finish everyone off. The the final is a divy to then try and get more shares back...
Who knows the other big shareholders? Jason Wadzinski has 36 million.. I think his brother has a bunch too. These large shareholders might be part of the private company coming? Hard to say.
A 14 file is coming... maybe more details.
Just my thoughts.